Reuters shed light on how India’s nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ahead of national elections in 2024. The post Reuters reveals fall in India nominal GDP growth in FY24 to challenge fiscal math...
Reuters reported that Philippine President Ferdinand Marcos Jr has chosen a former military chief who led the country’s fight against coronavirus as his new defense minister. Carlito Galvez, 60, headed the Philippines’ COVID-19 task force and as a regional army commander was in 2017 credited with overseeing the defeat of militants loyal to Islamic State,...
Reuters exclusively reported Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest a substantial sum to build two factories in Vietnam. The post Reuters reveals Apple supplier BOE plans new factories in Vietnam appeared first on Reuters News Agency. Source: Reuters Agency
Reuters exclusively reported Chinese electric vehicle maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, in a move that would reduce the company’s reliance on China and deepen its supply chain in Southeast Asia as part of a global expansion. The post Reuters reveals Chinese EV maker BYD to...
Reuters exclusively reported that Chinese authorities are set to allow Didi Global’s ride-hailing and other apps back on domestic app stores as soon as next week, in another signal that the country’s two-year regulatory crackdown on the technology sector is ending. Reuters reported the lifting of the new user ban and app resumption for its...
Reuters exclusively revealed at least four Chinese-owned supertankers are shipping Russian Urals crude to China, as Moscow seeks vessels for exports after a G7 oil price cap restricted the use of Western cargo services and insurance. The post Reuters reveals Russian oil shipped to Asia in Chinese supertankers amid ship shortage appeared first on Reuters...
Reuters shed light on how U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircrafts remain barriers to rising sales. The post Reuters reveals Airlines face hurdles to cashing in on China re-opening appeared first...
Reuters exclusively reported that India’s federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does not want to destabilise the bond market with any negative surprises. The post Reuters reveals that India may peg gross borrowing under 16 trillion rupees in 2023/24 appeared first on Reuters...
Reuters was first to report that India is not looking at allowing more sugar exports, dampening speculation that the world’s biggest producer of the sweetener would permit a second tranche of overseas shipments. Raw sugar futures pared losses and turned positive after the report was published. The post Reuters reveals that India is likely to...
Reuters exclusively revealed China plans to tighten rules to regulate environmentally friendly, or so-called green funds, as part of its efforts to rein in ‘greenwashing’ in the world’s second-largest climate fund market. The new rules, which could be in place in the first half of 2023, will mark a major change in a rapidly growing...